Sustainability today is transformed by a practice that captures the imagination of the world, particularly Dubai, which now offers those entrepreneurs who want to create a healthier, stronger and more meaningful world a mine of start-up opportunities.
The pursuit of Dubai's sustainable development took a big step forward when the UAE Vice President and prime minister and ruler of Dubai, His Highness Sheik Mohammed bin Rashid Al Maktoum, unveiled an energy strategy for 2050 in 2015, which is a plan to transform Dubai into a global center for renewable energies and a green economy. Green energy enthusiast and one of the businessman and philanthropist of UAE and Dubai Umar Farooq said that the aim is to create sustainable industries irrespective of non-renewable energy sources. Furthermore, Etihad Energy Services Company has been established by DEWA, which offers promising investment opportunities to energy efficient companies It is also working to refurbish 30,000 homes and the energy usage is projected to decrease by 30 % by 2030. The DEWA record was 88. 8 per cent in 2017, compared to the global average of 62 per cent in the Sustainability Culture Indicator.
Umar Farooq states that the Dubai 2050 Energy Strategy supports five key pillars: infrastructure, legislation, funding, capacity and skills building and environmental mixing. "The 5th pillar aims at developing an environmentally sustainable combination of solar (25%), nuclear (7%), renewable coal (7%) and gas (61%) by 2030. In 2050, the combination would slowly increase the usage of renewable energy sources to 75%. Dubai is now the leading carbon footprint city in the world. The fact that Dubai is developing and fostering a green economy is also evident in the UAE's widespread adoption of electric vehicles (EV).
Due to low interest loans, free charges at government billing stations, discounts on vehicle registration fees and exemptions from highway tolls and little to no import duties, EVs are now coming to this country. DEWA has recently increased from 100 to 200 the number of Dubai charging stations. Umar Farooq Zahoor says that the next Expo 2020 may be Dubai's most promising message of sustainability for the world, because at the BIE it is committed to delivering one of the world's most sustainable exhibitions in history.
In 2015 Sheik Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and ruler of Dubai unveiled the Dubai Energy startup 2050. Nevertheless, making Dubai a base for testing and applying next generation clean energy technology to create a global model that can help the world is still important to him. The foreign corporations and the centers of research and development. And this is a strong case for Dubai’s sustainability initiative supporters.
Originally published here.